Tierra Underwriting Limited, the MGA providing long-term credit insurance for green project finance, is pleased to announce a new partnership with Everest Insurance International®. Through this collaboration, Everest will provide greater underwriting capacity, further strengthening Tierra’s ability to support financing of the energy transition.
Tierra provides long-term credit risk insurance to support green project finance transactions worldwide. The Company’s mission is to increase the amount of financing that is being focused on decarbonising the economy and aims to achieve this by deploying long term credit risk insurance capacity and industry leading underwriting expertise, to support this vital sector.
Andrew Beechey, Managing Director at Tierra Underwriting Limited said, “Since our launch in 2021, we have supported a portfolio of US$1bn of projects, spanning renewables and other energy transition technologies. We are delighted to partner with Everest, a collaboration that will significantly expand our capacity to enable more energy transition projects to be built, driving progress towards a decarbonised future.”
Jim Thomas, Global Head of Credit and Political Risk at Everest Insurance® said, “As part of our commitment to providing innovative credit and political risk solutions, we are excited to pair Tierra’s underwriting expertise with Everest’s financial strength and capabilities to support environmentally sustainable projects worldwide.”
Tierra’s leadership team has deep knowledge and experience in the credit insurance and renewable energy finance markets. Andrew Beechey has worked in the credit insurance market for over 25 years and holds a master’s degree in Climate Change, Policy and Development. Gerard Pieters, Director, joined from NORD/LB, having worked for 15 years in the renewable energy project finance market building significant experience of renewable energy technologies and the financing structures needed to bring them to the market.
ENDS
About Tierra Underwriting Limited.
Tierra Underwriting Limited is an MGA that underwrites insurance on behalf of capacity providers, who must be rated at least A+ to qualify as an insurance partner. Tierra Underwriting Limited brings insurance capacity to the credit insurance market to support clients who are financing green project finance transactions. Tierra Underwriting Limited provides a proactive and focused underwriting approach based on its deep knowledge and experience in the green finance and credit insurance sectors. Tierra Underwriting Limited is an appointed representative of Pro MGA Solutions, a company authorised and regulated by the Financial Conduct Authority under firm reference number 770419 to carry on insurance distribution activities. Tierra Underwriting Limited is registered in England and Wales company number 09879221. Registered office at 1st Floor Gallery Court, 28 Arcadia Avenue, London, United Kingdom, N3 2FG. For more information, visit www.tierraunderwriting.com
Dec 2024
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